The cryptocurrency market is regaining its momentum as global risk sentiment improves, fueled by easing geopolitical tensions and renewed investor confidence. With Bitcoin stabilizing near $108,000, top altcoins are catching the wave of optimism. Among them, Pi Network (PI), Kaspa (KAS), and Bitget (BGB) stand out as strong performers, each showing technical signals of sustained upward movement. This analysis explores the price dynamics, chart patterns, and key resistance levels shaping the near-term outlook for these digital assets.
Pi Network Breaks Out of Falling Wedge Pattern
Pi Network surged 16% on Wednesday, driven by growing anticipation around "Pi2Day" and rumors of upcoming generative AI integrations. While the token pulled back slightly on Thursday, the breakout from a well-defined falling wedge pattern suggests that bullish momentum remains intact.
The pattern was formed by connecting three key support points on May 17, May 31, and June 17. Its completion and subsequent breakout above the converging resistance indicate a shift in market structure. More importantly, PI has now cleared a critical resistance zone previously defined by price peaks on May 22 and June 14.
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Currently, Pi Network faces resistance at $0.6600**, a level corresponding to the May 17 low. A daily close above this mark could open the path toward **$0.8686, a swing high last seen on May 21. On the technical front, the Moving Average Convergence Divergence (MACD) has generated a bullish crossover, with the MACD line rising above its signal line. The expanding green histogram further confirms increasing buying pressure.
Meanwhile, the Relative Strength Index (RSI) sits at 53—just above the neutral 50 threshold—signaling strengthening momentum without entering overbought territory. This balance suggests room for further upside if demand holds.
Should the rally stall at $0.6600, a retest of **$0.5090**—the June 21 support level—could occur. However, as long as this level holds, the broader uptrend remains valid.
Kaspa Extends Recovery With Trendline Breakout
Kaspa continues its steady climb, gaining 1% at press time and marking its fourth consecutive green candle. The momentum follows a decisive breakout from a descending resistance trendline formed by highs on May 12, May 22, and June 10.
This breakout also confirms the resolution of a falling wedge pattern, supported by closing prices on May 31 and June 22. Such patterns are typically bullish when resolved upward, especially after extended corrective phases—exactly what Kaspa has experienced over recent weeks.
The immediate resistance lies at $0.082**, aligned with the June 16 high. A sustained close above this level could propel KAS toward **$0.090, which would mark the highest closing price of June and a significant psychological milestone.
Technically, the MACD has flashed a bullish crossover, reinforcing the shift from bearish to bullish momentum. The RSI, currently at 47, is steadily climbing toward the 50 midpoint, indicating weakening selling pressure and building accumulation.
A failure to breach $0.082 could trigger a pullback toward the now-broken resistance zone near **$0.070**, where traders may find short-term support before another attempt at higher levels.
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Bitget Advances Toward Key Fibonacci Resistance
Bitget is carving out a strong recovery path with four consecutive bullish candles, reflecting a classic V-shaped reversal from recent lows. The rally has pushed BGB above a local resistance trendline connecting swing highs from May 24 and June 11.
Now in focus is the **50% Fibonacci retracement level at $4.87**, calculated from the May high of $5.84 to the monthly low of $3.91. This zone often acts as a pivotal decision point in trending markets—either continuing gains or facing profit-taking.
A confirmed close above $4.87 could set the stage for a move back to **$5.84, reclaiming full lost ground from the prior correction. The technical indicators support this bullish case: the MACD generated a fresh bullish crossover on Wednesday, while the RSI** has climbed from deeply oversold levels toward neutrality, signaling fading bearish control.
If the rally stalls at $4.87, a retest of the **$3.91** low is possible, though such a drop would require a broader market reversal to gain traction.
Frequently Asked Questions (FAQ)
Q: What is driving Pi Network’s recent price surge?
A: The 16% jump in Pi Network is fueled by community excitement around Pi2Day and speculation about generative AI integration. Technically, the breakout from a falling wedge pattern adds credibility to the upward move.
Q: Is Kaspa’s breakout sustainable?
A: Yes—Kaspa’s breakout from both a trendline resistance and a falling wedge pattern suggests strong institutional or whale participation. The MACD and RSI confirm improving momentum, supporting further upside if $0.082 is breached.
Q: What is the significance of Bitget reaching the 50% Fibonacci level?
A: The 50% retracement at $4.87 is a major psychological and technical level. Breaking it would indicate that buyers have regained full control, potentially paving the way for a full recovery to $5.84.
Q: What happens if these coins fail to break resistance?
A: Failure to clear key levels—$0.66 for PI, $0.082 for KAS, and $4.87 for BGB—could lead to short-term pullbacks. However, as long as support zones hold, the overall uptrend remains intact.
Q: Are these altcoins suitable for short-term trading?
A: Given their clear technical patterns and increasing volume, all three present opportunities for short-term trades. However, traders should use stop-losses and monitor broader market sentiment.
Q: How does Bitcoin’s performance affect these altcoins?
A: With BTC stabilizing near $108,000, risk appetite has improved across the board. Altcoins like PI, KAS, and BGB benefit from this “rising tide” effect, especially when showing strong individual momentum.
Core Keywords
- Pi Network price prediction
- Kaspa price forecast
- Bitget technical analysis
- crypto breakout patterns
- altcoin bullish momentum
- Fibonacci retracement levels
- MACD bullish crossover
- RSI momentum indicator
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As investor sentiment shifts back toward risk-taking, select altcoins are demonstrating strong technical foundations for continued gains. Pi Network, Kaspa, and Bitget are not only outperforming the broader market but also exhibiting textbook bullish patterns supported by key indicators. While resistance levels will test their strength in the coming days, the overall trajectory points upward—offering strategic entry opportunities for informed investors tracking momentum and structure.